Those who visit my site often are familiar with the Larry Loophole video. I like it because of its simplicity. Most Americans hear terms like “private equity, leveraged buyout”, etc. and they don’t know what they mean. The Wall Street Vampires like it that way. The less we know about their business, the better able they are to terrorize us.
The thought just occurred to me (after just posting the Larry Loophole viedo for at least the 10th time on my site) that some of my readers might think that Mr. Henry Kravis and his private equity firm are fictional characters. But they are not.
Henry Kravis is a billionaire, the 57th richest person in America. He acquired this wealth by purchasing public companies with borrowed money. To pay off the debt, he cuts benefits at the company, sells its assets, and lays off employees.
This get-rich-quick scheme made him $450 million last year. Meanwhile, his tax rate is lower than teachers, firemen, nurses, even his own cleaning staff!
THIS IS THE REAL AMERICA PEOPLE! WAKE UP AND DO SOMETHING ABOUT IT! GREEDY RICH WALL STREET VAMPIRES ARE ACTUALLY TAKING A WRECKING BALL TO OUR NATION AND MAKING US PAY THEM FOR THE DEMOLITION.
WAKE UP! RUN FOR OFFICE! GET THE WALL STREET SUCK UP MULTIMILLIONAIRE SENATORS OUT OF THE SENATE NOW! YOU WANT REAL CHANGE? YOU WANT A REAL DEMOCRACY? THIS IS THE FIRST STEP. THERE ARE NO SHORT CUTS.